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Baffles in the shell side of a shell and tube heat exchanger
Sunk Cost
Costs that have already been incurred and cannot be recovered or altered, and should not affect future business decisions.
Relevant Cost
Costs that will be affected by a decision in the future and therefore should be considered in decision-making processes.
Sell or Process Further
A decision-making process used in managerial accounting to determine whether it is more profitable to sell a product as is or process it further.
Incremental Revenue
The additional revenue generated from a new business action or decision, beyond the existing revenue stream.
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